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generate revenues by creating new tax payers, not new taxes. [applause] only way to generate the kind of taxpayers. safe. but regulations cost money to follow. creation. that is why we should implement final say on it. [applause] getting control of our debt. it is critically important. it is not enough. we need to do more. rich countries on the planet. this new energy opens all kinds of jobs we need most, right now. middle-class work. [applause] the way our interest rates and currency are treated is another cause of unpredictability injected right into our economy. over time. place. they're just taking a big chunk out of middle-class families in the care. i wish more americans had the just like the members of congress do. that is why we should all be shocked that obamacare cuts the amount you can contribute. this is also what obamacare did, and not only requires you to get a prescription to purchase over-the-counter medications and pay for it -- that is willing to sell it to them. with tax-free money, just like their employers buy it now. [appl
generate revenues by creating new tax payers, not new taxes. [applause] only way to generate the kind of taxpayers. safe. but regulations cost money to follow. creation. that is why we should implement final say on it. [applause] getting control of our debt. it is critically important. it is not enough. we need to do more. rich countries on the planet. this new energy opens all kinds of jobs we need most, right now. middle-class work. [applause] the way our interest rates and currency are...
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Dec 9, 2012
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i do not know how we get there. >> the definition of tax reform is do not tax you, do not tax me -- >> on the second piece, the danger with putting goals that would leave it to the regular order -- the regular order will not produce a result. there are two ways to deal with that -- build another fiscal cliff to put on pressure, which puts us right back where we are, or have a default mechanism which has policy set aside that both sides do not like. one thing about the baseline -- under current law, if the congress packed its bags right now and went away, at the end of the 10-year period our debt to gdp ratio would be under 1%. he would definitely solve the deficit problem. >> under 1%? >> i believe. >> the percentage of your debt -- not the deficit to gdp? >> debt to gdp. now, we do not want to get there that way. the same way we do not want to go over the fiscal class. the fiscal cliff is big austerity -- you get $7 trillion in deficit reduction over 10 years. but you do not do it you really want to do it. when it comes to the baseline, you have to work together as part of an agreeme
i do not know how we get there. >> the definition of tax reform is do not tax you, do not tax me -- >> on the second piece, the danger with putting goals that would leave it to the regular order -- the regular order will not produce a result. there are two ways to deal with that -- build another fiscal cliff to put on pressure, which puts us right back where we are, or have a default mechanism which has policy set aside that both sides do not like. one thing about the baseline --...
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Dec 5, 2012
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they are in favor of tax cuts for the rich. they want to cut tax care programs and medicare and make seniors pay and threaten the economy of the united states of america by defaulting on payments or at least to threaten that. this is not a very popular position among the public. in fact, they will be -- i think it's a suicide mission that they are on, that the american people will make them pay the price. i really don't understand their strategy. >> margie, if you look at the fact that in the 2011 debt ceiling battle senator mitch mcconnell had this to say. he said, i think some of our members may have thought the default issue was a hostage. you might take a chance at shooting. most of us didn't think that. what we did learn is this. it's a hostage that's worth ransoming. and it focuses theç congress o something that must be done. now, if this was their thought and attitude in 2011, do you think that's what we're dealing with, that kind of feeling, attitude of holding the hostage for ransom now? >> i hope not. it's bad for -
they are in favor of tax cuts for the rich. they want to cut tax care programs and medicare and make seniors pay and threaten the economy of the united states of america by defaulting on payments or at least to threaten that. this is not a very popular position among the public. in fact, they will be -- i think it's a suicide mission that they are on, that the american people will make them pay the price. i really don't understand their strategy. >> margie, if you look at the fact that in...
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. >> an obsession to raise taxes is not going to solve the problem. >> a leading conservative decides to give up his senate seats. >> a lot of my role in the senate has been stopping bad things, but we need to do more than that and tell americans what we are for. >> in syria, a concern about the possible use of weapons of mass destruction if south. >> the regime might very well consider the use of chemical weapons. >> the chattering classes are already chatting about 2016. >> look, i am flattered, i am honored. that is not in the future for may. "tim brant's college football captioned by the national captioning institute --www.ncicap.org-- >> for the record, the unemployment rate has dropped to 7.7%, the economy adding 146,000 jobs in november. we want to keep that in mind as we head towards the fiscal cliff. only four in 10 americans expect the white house and congress to reach a deal on the cliff before the first of the year, and if this goes south, a 53% of the american people are prepared to blame republicans. the president's job approval rating is well over 50%. congress' approva
. >> an obsession to raise taxes is not going to solve the problem. >> a leading conservative decides to give up his senate seats. >> a lot of my role in the senate has been stopping bad things, but we need to do more than that and tell americans what we are for. >> in syria, a concern about the possible use of weapons of mass destruction if south. >> the regime might very well consider the use of chemical weapons. >> the chattering classes are already...
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Dec 2, 2012
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fine, you don't want new tax rates. we're out of this. >> what we're trying to do is to get them to come together and join us and doing something that's good for the american economy, and we recognize that's going to require spending savings, not just revenue increases on the top wealthiest 2% of americans. >> and you propose the spending side. you like to see what they want? proposals on both sides. if they want to go beyond that, they should tell us what they like to do. if they want to do it differently -- >> whose turn is this? where are we in this? >> the ball really is with them now. again, they're in a hard place. they're having a tough time trying to figure out what they can do. that's understandable. this is very difficult for them. we might need more time to figure out where -- where they go next. >> we don't have a lot of time. >> you can't wait very long. what we are trying to do is be as clear as we can with what is essential to us and what we like to have and what we think is good for the american economy
fine, you don't want new tax rates. we're out of this. >> what we're trying to do is to get them to come together and join us and doing something that's good for the american economy, and we recognize that's going to require spending savings, not just revenue increases on the top wealthiest 2% of americans. >> and you propose the spending side. you like to see what they want? proposals on both sides. if they want to go beyond that, they should tell us what they like to do. if they...
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they don't want to touch tax rates at all. and so they are left kind of jiggling around the edges with tax reform and closing loopholes and things like that. they can't afford to extend these rates and kristol is not the only republican worried about this are sort of thing. there is a persistent pr problem with the party. you know, it just lost the last election because it couldn't kind of come to terms with its insistence and it's about to go down that same pr rabbit hole again with this proposal. >> ezra, wouldn't they know that this is a pr hold that is about to go down? why would they risk this, in your opinion? >> well, think about it more broadly from a bargaining standpoint. in particular, things like the payroll tax cut and any kind of stimulus that the republicans feel that they can eventually stomach, that's a great thing for them to trade away at the end. maybe they don't hate that much but know that president obama really wants. when you're late in the negotiations, that's when they are going to begin to give thing
they don't want to touch tax rates at all. and so they are left kind of jiggling around the edges with tax reform and closing loopholes and things like that. they can't afford to extend these rates and kristol is not the only republican worried about this are sort of thing. there is a persistent pr problem with the party. you know, it just lost the last election because it couldn't kind of come to terms with its insistence and it's about to go down that same pr rabbit hole again with this...
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their payroll taxes might. their income taxes are not. and that is huge. and the truth is, from what i'm hearing, the top 2% better start making financial plans. >> there's no question about that. what's wrong with this proposal? >> look, there are parts of this proposals are reasonable. the bigger problem here is, if the president is sticking to this position, at least for the time being that he outlined last week, would be the equivalent of the republicans saying we want the ryan budget, we want marginal tax rates cut across the board 20%. i'll tell you, steve, i think he has dug in, he spent more time on the phone this week from what i understand with steve israel, chairman of the democrat chair than he did with john boehner. tell me what he's telling those hard left groups about his position and how he can walk back to something more reasonable like something that tom's for. given what he's saying with these hard left groups. >> he's trying to do something different than he's done before. which is take his message outside the beltway, outside of capito
their payroll taxes might. their income taxes are not. and that is huge. and the truth is, from what i'm hearing, the top 2% better start making financial plans. >> there's no question about that. what's wrong with this proposal? >> look, there are parts of this proposals are reasonable. the bigger problem here is, if the president is sticking to this position, at least for the time being that he outlined last week, would be the equivalent of the republicans saying we want the ryan...
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remember, the president, two years ago, extended all of the tax cuts, including the tax cuts for top earners, on the grounds that the economy was so weak, it couldn't take the blow and the withdrawal in effect of money from the economy by doing that. so to some degree, the administration itself is evolving with changing economic circumstances. at some point, when you get in a recovery, and the administration's making the case and job numbers tell us we are recovering and other economic data do, too, you say some of the things we enacted as emergency measure during the great recession are going to either be taken away or tapered down. and that's part of the logic of including some cuts or some reduction in the extension of unemployment, food stamps and other things. >> but okay, we're going to talk about the reality of being poor in america and the next couple of block. the notion that you can start kicking people off food stamp rolls because we're in a recovery. if you look at how much money people are make, the stats, economic impact of giving a person a dollar in food stamps equals
remember, the president, two years ago, extended all of the tax cuts, including the tax cuts for top earners, on the grounds that the economy was so weak, it couldn't take the blow and the withdrawal in effect of money from the economy by doing that. so to some degree, the administration itself is evolving with changing economic circumstances. at some point, when you get in a recovery, and the administration's making the case and job numbers tell us we are recovering and other economic data do,...
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the tax cuts entime entitlement cuts. >> i'm not sure that they won't fold on the tax cuts. once again you have to step back from the observation of what's going on in washington now, and remember we're fighting whether or not the top marginal rates should be in the low 30s or not. we should roll back the reagan tax cut but i don't believe in miracles. >> eliot: charles, what you're say something critically important. we're all in a way falling prey to this issue as if they're big issues when they're not. the fact that the rate would go from 35 to 39.6, it used to be in the 90s and 70s and 60s, and capital gains will be taxed at below the rate of ordinary income. we're dealing with the most minimal of shifts and changes yet we're being sucked into the notion that this is dramatic. it's not. >> you divided the republicans in three separate camps. i would say that the difference between the theological theocrats and the tee tea party is minimal. to a certain extent the policies that plays out with the theocrats is economics. four republicans have become identity politics. they
the tax cuts entime entitlement cuts. >> i'm not sure that they won't fold on the tax cuts. once again you have to step back from the observation of what's going on in washington now, and remember we're fighting whether or not the top marginal rates should be in the low 30s or not. we should roll back the reagan tax cut but i don't believe in miracles. >> eliot: charles, what you're say something critically important. we're all in a way falling prey to this issue as if they're big...
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low tax small government party. the other party leadership proposes, wait for it, $800 billion in tax increases. it's noted that the democrats have celebrated the proposal put out by president obama. meanwhile, you have a number of republicans slamming speaker boehner. how would you describe his position right now? >> well, he really didn't win for losing. he's trying to say to president obama if i wanted topaz your proposal i can't do it. he's really truly between a deal and promise and getting the fight over with and a conference that won't allow it. i think what senator demint is saying and house republicans are saying to john boehner is, let's go over the cliff. that we can live with the sequester and we absolutely will not raise tax rates no matter what. what that does is eliminate all of the tax cuts and then there's a new fight in january to push obviously by the democrats to restore tax cuts for 98% of americans. and then that will be muddied by the need for a debt ceiling increase and the fight goes in to f
low tax small government party. the other party leadership proposes, wait for it, $800 billion in tax increases. it's noted that the democrats have celebrated the proposal put out by president obama. meanwhile, you have a number of republicans slamming speaker boehner. how would you describe his position right now? >> well, he really didn't win for losing. he's trying to say to president obama if i wanted topaz your proposal i can't do it. he's really truly between a deal and promise and...
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you tax. you still spend. maybe it is time to take the medicine congressman and go over the fiscal cliff and fix the problem. >>guest: there is no fiscal cliff. there is a fiscal slope. the earth doesn't stop spinning, the sun will come up, the moon will come up and we will have to do things in john. taxes will go up and the democratic party and hopefully some responsible republicans will vote to make certain that we remove this tax cut that would take place. >>eric: no talk about responsible democrats to stop spending so were, or cut back the spending, not just cutting back the increase rate in spending but item spending cuts. >>guest: the rate of increase doesn't have anything to do with the spain people are suffering whether they are middle class or poor. we were talking about the so-called fiscal cliff, if that happens, automatically taxes are going to go up for everyone. maybe, then, someone would ask, who was it that said we shouldn't just pass the tax cuts to make certain that the working poor and the m
you tax. you still spend. maybe it is time to take the medicine congressman and go over the fiscal cliff and fix the problem. >>guest: there is no fiscal cliff. there is a fiscal slope. the earth doesn't stop spinning, the sun will come up, the moon will come up and we will have to do things in john. taxes will go up and the democratic party and hopefully some responsible republicans will vote to make certain that we remove this tax cut that would take place. >>eric: no talk about...
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tonight's question, will radical republicans ever agree to a tax hike deal? text "a" for yes and text "b" for no to 622639. you can always go to our blog and leave a comment. we'll bring you the results later on in the show. >>> joining me tonight, congressman steny hoyer of maryland, the house democratic whip. congressman, good to have you with us tonight. appreciate it. >> always good to be with you, ed. thanks. >> got some folks nervous talking about entitlements. when you say entitlement cuts are on the table, what does that mean and how far are you willing to go? >> well, when i say everything needs to be on the table, ed, i want everybody to put their cards on the table and tell me what they want to do. i want not only to see that myself, i want to see what others want to do, including my republican colleagues, in terms of entitlements. now, there are some things we are absolutely not going to do, as you well know. made it very clear during the election, we're not going to voucherize medicare. we're not going to privatize security. we believe very stron
tonight's question, will radical republicans ever agree to a tax hike deal? text "a" for yes and text "b" for no to 622639. you can always go to our blog and leave a comment. we'll bring you the results later on in the show. >>> joining me tonight, congressman steny hoyer of maryland, the house democratic whip. congressman, good to have you with us tonight. appreciate it. >> always good to be with you, ed. thanks. >> got some folks nervous talking about...
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they get an average tax cut meaning if it expires, their taxes go up. republicans know that. republicans know if they don't do it by january 1st, we're going to keep passing tax cuts for the middle class. if they keep saying no, eventually they won't because the public pressure will be on them they need to step up. they have to quit protecting. they do everything in the name of the wealthy. >> okay. sherrod brown, stay with us. i appreciate it. >>> it looks like senator-elect elizabeth warren, a champion of financial reform, will get a spot on the banking committee. >>> and senator john mccain hints he might favor filibuster reform. debbie stabenow is here on rule changes. stay with us. we're right back. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. th
they get an average tax cut meaning if it expires, their taxes go up. republicans know that. republicans know if they don't do it by january 1st, we're going to keep passing tax cuts for the middle class. if they keep saying no, eventually they won't because the public pressure will be on them they need to step up. they have to quit protecting. they do everything in the name of the wealthy. >> okay. sherrod brown, stay with us. i appreciate it. >>> it looks like senator-elect...
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you said he should propose lowering the corporate tax rate from 35% to 30%. what's your rationale behind that? >> well i have rationales both substantive and political. substantive, i think it is the right thing to do. i've spoken to a lot of economists about this over the years. even many liberal economists would agree that the corporate tax rate of 35% in this country is too high. it is higher than in most other -- i think every other advanced country. now it has to be done, obviously, the lowering would have to be done with closing loot of the loopholes that corporations take advantage of. 26 major corporations last year paid no federal income tax at all. so that nonsense has to be done away with. but substantively, many economists think it is a good idea to lower the corporate tax rate. politically, i think it further hems the republicans in. i think it gives obama even higher political ground than he has now. he already has political high ground. he already has a strong position. he may not even have to do this politically. but i think that this would se
you said he should propose lowering the corporate tax rate from 35% to 30%. what's your rationale behind that? >> well i have rationales both substantive and political. substantive, i think it is the right thing to do. i've spoken to a lot of economists about this over the years. even many liberal economists would agree that the corporate tax rate of 35% in this country is too high. it is higher than in most other -- i think every other advanced country. now it has to be done, obviously,...
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means everybody's taxes go up, but if the president has his way, taxes are going to go up on those very wealthy folks making over 200,000, but most are small businesses filing a subchapter s companies, about 88% of net small business income will be for these taxes when we're depending on them to create two-thirds of the new jobs. boehner's trying to mitigate that mess. i wish him luck. something's going to f to have to give. >> from everything i've heard is that we are realistically, there's two options for country. one, go over the cliff. the other, extend the bush tax cuts for the 98% of americans. everyone who makes under $200,000 a year if they're single. those seem to be the two choices. between those, which do you pick? >> but, if we do that and raise the taxes on those small businesses we were just talking about, according to the congressional budget office, that's going to be about 200,000 american families are going to be out of work next year and that's the low estimate. young is estimating about 700,000 more unemployed. that's a lot of hurt for the middle class, so this is a
means everybody's taxes go up, but if the president has his way, taxes are going to go up on those very wealthy folks making over 200,000, but most are small businesses filing a subchapter s companies, about 88% of net small business income will be for these taxes when we're depending on them to create two-thirds of the new jobs. boehner's trying to mitigate that mess. i wish him luck. something's going to f to have to give. >> from everything i've heard is that we are realistically,...
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why double tax capital? anyway, thank you, danielle hughes, we appreciate it. >>> there is a major stir tonight over a cartoon narrated by actor ed asner. check it out. >> over time, rich people decided they weren't rich enough, so they came up with ways to get richer. the first way was to tax cuts. they said why should i care about other nonrich people? >> all right, this here is just an attack on free enterprise. shame on mr. asner, who's a good actor. it's an attack on success. it's an attack on capital itch. it's also an attack on good taste, although we didn't show the most vulgar part. where does a successful actor like this get off saying this kind of thing? what does he know about capitalism anyway as he makes his bucks, and by the way, this entire cartoon was sponsored by the teachers union. what a shocking surprise there. they, too, higher taxes on the rich, knock down free market capitalism, go up against free enterprise. you know, when is this left wing stuff going to end? i guess the answer is n
why double tax capital? anyway, thank you, danielle hughes, we appreciate it. >>> there is a major stir tonight over a cartoon narrated by actor ed asner. check it out. >> over time, rich people decided they weren't rich enough, so they came up with ways to get richer. the first way was to tax cuts. they said why should i care about other nonrich people? >> all right, this here is just an attack on free enterprise. shame on mr. asner, who's a good actor. it's an attack on...
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tonight's question, will radical republicans ever agree to a tax hike deal? text "a" for yes and text "b" for no to 622639. you can always go to our blog and leave a comment. we'll bring you the results later on in the show. >>> joining me tonight, congressman steny hoyer of maryland, the house democratic whip. congressman, good to have you with us tonight. appreciate it. >> always good to be with you, ed. thanks. >> got some folks nervous talking about entitlements. when you say entitlement cuts are on the table, what does that mean and how far are you willing to go? we believe very strongly that we need additional revenues if we're going to get our country on a fiscally sound basis. >> and that would take us to benefits. are you willing to put benefits on the table to get a deal? >> everything needs to be on the table. when you say say, am i willing -- i want to see what the outlines are. i think even paul ryan, in the short-term, said benefits should not be on the table. i agree with that, certainly. and it depends upon what you're talking about. certainly
tonight's question, will radical republicans ever agree to a tax hike deal? text "a" for yes and text "b" for no to 622639. you can always go to our blog and leave a comment. we'll bring you the results later on in the show. >>> joining me tonight, congressman steny hoyer of maryland, the house democratic whip. congressman, good to have you with us tonight. appreciate it. >> always good to be with you, ed. thanks. >> got some folks nervous talking about...
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, just not the tax rate. the president said no and came back and moved the goal posts and wants 1.6 trillion. >> it's like lucy pulling away the football from charlie brown. the president is now asking for twice the amount of increase in taxes that he campaigned on. really, the proposal that tim geithner brought to capitol hill is one that i believe the democrats one-point even support if put to a voight. the increase in taxes in over $200,000 of income, the incredible increase in change to the death tax, wanting to have a new credit card with no credit limit to the president so he can additionally just borrow and spend and tax? you go through all of these things. it really never deals with the fumblefundamental problem in our country which is the spending. our problem is not that we're taxed too little, we just continue to spend too much. >> he is asking that the debt ceiling that he has sole control over and how much the debt ceiling can be raised without having to get permission from capitol hill. i mean,
, just not the tax rate. the president said no and came back and moved the goal posts and wants 1.6 trillion. >> it's like lucy pulling away the football from charlie brown. the president is now asking for twice the amount of increase in taxes that he campaigned on. really, the proposal that tim geithner brought to capitol hill is one that i believe the democrats one-point even support if put to a voight. the increase in taxes in over $200,000 of income, the incredible increase in change...
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no new taxes. >> read my lips, no new taxes. george h.w. bush hammered that mantra to win the white house in 1988. but just two years later, the reagan deficits were skyrocketing and president bush was forced to change his most famous line. >> long and bitter battle over the budget officially ended last night. president bush put his signature on the deficit reduction package, including $140 billion in tax increases. >> tax increases. that was a turning point for the modern republican party. the right wing went crazy. and george bush lost re-election. since then the party's been committed to never compromising on the tax issue, no matter the deficit. no congressional republican has voted for an increase in taxes since 1990. think about it. for nearly a quarter of a century, no new income taxes. in the current congress, 236 house republicans vowed never to raise taxes. 40 gop senators also kept that pledge. even president george w. bush, the man who got us into two wars we didn't pay for. the president who exploded our deficit. he insisted th
no new taxes. >> read my lips, no new taxes. george h.w. bush hammered that mantra to win the white house in 1988. but just two years later, the reagan deficits were skyrocketing and president bush was forced to change his most famous line. >> long and bitter battle over the budget officially ended last night. president bush put his signature on the deficit reduction package, including $140 billion in tax increases. >> tax increases. that was a turning point for the modern...
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earners will pay some minimum tax, automatically a minute tax. they have some additional taxes. they want to get rid of capital gains tax that benefitted mitt romney. it's a different arrangement but a more progressive tax. >> bill, interestingly their plan suggests that tax increases should start at $422,000 instead of $250,000 that the president has set. why would that make such a difference or not so much of a difference in circumstances? >> well, martin, it would obviously hit fewer people. you know -- >> and therefore, produce less revenue. >> produce less revenue but at higher rates potentially than the president is talking about. i mean, you know, the thing is even though we feel like we are constantly hearing from bob rubin and larry somers and roger altman, a little bit of a bad penny -- >> you have heard this before. >> on the other hand, they were absolutely right. even bill krystal agrees with them. the economy boomed during the middle of the clinton two administrations when the high tax rate was at 39.6%. we had a huge expansion of p
earners will pay some minimum tax, automatically a minute tax. they have some additional taxes. they want to get rid of capital gains tax that benefitted mitt romney. it's a different arrangement but a more progressive tax. >> bill, interestingly their plan suggests that tax increases should start at $422,000 instead of $250,000 that the president has set. why would that make such a difference or not so much of a difference in circumstances? >> well, martin, it would obviously hit...
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generate revenues by creating new tax payers, not new taxes. [applause] rapid economic growth is the only way to generate the kind of money we need to bring this debt under control. tax increases do not create new taxpayers. they do not great rapid economic growth. regulation is necessary to protest at -- to protect our environment and keep our food safe. but regulations cost money to follow. the more expensive a regulation, the less money a business has to give raises or hire new people. we need to have a balanced approach to regulation. we need to weigh the benefit of any given regulation against the impact it will have on job creation. that is why we should implement something like senator paul's act, so that congress that's the final say on it. -- gets the final say on it. [applause] getting control of our debt. it is critically important. it is not enough. we need to do more. we should expand our domestic energy industry. american innovation has given us access to massive new deposits of oil and natural gas, making america one of the most
generate revenues by creating new tax payers, not new taxes. [applause] rapid economic growth is the only way to generate the kind of money we need to bring this debt under control. tax increases do not create new taxpayers. they do not great rapid economic growth. regulation is necessary to protest at -- to protect our environment and keep our food safe. but regulations cost money to follow. the more expensive a regulation, the less money a business has to give raises or hire new people. we...
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Dec 2, 2012
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it's taxes. taxes. okay, you can say taxes. when you separate taxes from revenue, we are going to raise revenue, not taxes, you get strange things, it seems. there's all sorts of privatization. take the highway, we are going to sell it to you. lease it back and get a one-time payment from that. this is something that's happening right now in baltimore that i think is pretty fascinating. take a look. >> i thought it was idiotic. why do we want to look like nascar? look like a bus going down the street. after the shock wore off, this shows how far we have to go to think outside of the box. >> reporter: chicago sold ad space on iconic bridges to bank of america. philadelphia rented out a transitation to at&t. brazil indiana let kfc advertise on fire hydrants. >> baltimore, in case that wasn't there, they are selling ad space on fire trucks. were you tempted? was there anything you were thinking of putting up on the auction block? >> we are not purists. you know, you see things get named from time-to-time. those are extremes. those
it's taxes. taxes. okay, you can say taxes. when you separate taxes from revenue, we are going to raise revenue, not taxes, you get strange things, it seems. there's all sorts of privatization. take the highway, we are going to sell it to you. lease it back and get a one-time payment from that. this is something that's happening right now in baltimore that i think is pretty fascinating. take a look. >> i thought it was idiotic. why do we want to look like nascar? look like a bus going...
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Dec 6, 2012
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his taxes. if we don't do that, the problem is pressure is on spending even more. i think we need to make the defense cuts. we want to minimize human services cuts. the best way to do that is go back to clinton era taxes. i actually have mixed feelings about striking a deal where the rich folks pay more taxes. i think they should pay more taxes, but i actually think going off clithe cliff is a bet solution than just charging people who make a lot of money what they were paying when bill clinton was president. >> the clinton tax rates worked well, and when you look at where we really are today, although the democrats are playing really tough on these top tax rates, they have conceded about 75% of the tax debate to republicans by agreeing with them on all of the otherç rates. >> that is true, aalthough there is a matter of timing. you know, i think part of what you have to look at here is it's really hrepublicans who force this conversation about having deficit reduction right now. we shouldn't
his taxes. if we don't do that, the problem is pressure is on spending even more. i think we need to make the defense cuts. we want to minimize human services cuts. the best way to do that is go back to clinton era taxes. i actually have mixed feelings about striking a deal where the rich folks pay more taxes. i think they should pay more taxes, but i actually think going off clithe cliff is a bet solution than just charging people who make a lot of money what they were paying when bill clinton...
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Dec 5, 2012
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tax code. you want a flatter tax code for those with less money pay more into the system. republicans have tried to talk around that because that's anç unpopular thing to tell your tea party base, middle class people, no, we think lower income people and middle income people should pay more. but when we strip away all the rhetoric about job creators and the rest, that is the core of conservativism. rich people should not pay more. they should pay less. poorer people should pay more. that's what they believe. >> i enjoy listening to progressives and liberals talk about the core of conservativism because you have it wrong. >> what does slashing the tax code -- >> this whole notion, like president obama has this fetish, we have to raise the rates on the top 2% to raise the deficit -- >> ron, ron, just one -- just one second. >> i'm almost -- >> no, you're -- ron, your narrow -- i'm sorry, ron, but you're now doing what eric can'ter, you're saying the sense the president has been speaking and con
tax code. you want a flatter tax code for those with less money pay more into the system. republicans have tried to talk around that because that's anç unpopular thing to tell your tea party base, middle class people, no, we think lower income people and middle income people should pay more. but when we strip away all the rhetoric about job creators and the rest, that is the core of conservativism. rich people should not pay more. they should pay less. poorer people should pay more. that's...
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Dec 4, 2012
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i don't know any republican or democrat that thinks we should let those tax rates -- tax cuts for the middle class expire. so we should pass that now. and then on the things that we're having more trouble agreeing on, we should sit down at the table. the one thing i can assure you, the president and democrats in congress, have consistently said, we're not going to do this -- there is no my way or the highway. we have concrete proposals and compromise on the table, thus far, though, we have republicans who are dug in inning there's no way they're -- insisting there's no way they're going to support increasing rates on the wealthiest americans. >> let me play for you what the president just said to bloomberg tv. >> entitlement reform, i don't expect republicans to agree to any plan where they're just [ inaudible ] that entitlement reform would happen. we have to have specific down payments now, recognizing we would have to continue to work to come up with better ideas to reduce health care costs over the long term. >> are you willing to work with the president to go up against aarp to b
i don't know any republican or democrat that thinks we should let those tax rates -- tax cuts for the middle class expire. so we should pass that now. and then on the things that we're having more trouble agreeing on, we should sit down at the table. the one thing i can assure you, the president and democrats in congress, have consistently said, we're not going to do this -- there is no my way or the highway. we have concrete proposals and compromise on the table, thus far, though, we have...
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Dec 5, 2012
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we don't think their taxes should go up. to me since that's a point of agreement and doesn't affect either side's negotiating position on the other issues we ought to remove it from the table. make sure most americans don't have to worry about their taxes going up. having said that, again, i think the speaker's right on in terms of the proposal he's put out there. most importantly, he couples it with something the president doesn't, which is really significant spending cuts and entitlepment reform. but if we solve the tax problem for 98 ps% of the american people, continue to fight for the other 2%, to not raise rates, that seems to me we move closer it toward that spending and entitlement debate and i think that's something that the president and the democrats in general are trying to avoid. >> senator, tom coburn was on "morning joe" alongside you today and he has -- he's willing to make a deal that does involve the higher rates for the wealthy. why not go there? the president has made it clear it just is not enough money
we don't think their taxes should go up. to me since that's a point of agreement and doesn't affect either side's negotiating position on the other issues we ought to remove it from the table. make sure most americans don't have to worry about their taxes going up. having said that, again, i think the speaker's right on in terms of the proposal he's put out there. most importantly, he couples it with something the president doesn't, which is really significant spending cuts and entitlepment...
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Dec 7, 2012
12/12
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i am a flat tax guy. what i don't get is why the united states wants to imitate the mistakes of western europe, jim pethokoukis. that's what i don't get. you get the last word. >> i think it's stunning and i hope we learn from yoour mistak as quickly as they did in great britain. >>> who needs to wait for a recession? our next guest says we may already be in one and it started way back in july. think about that. recession last july. stay with us. he'll defend his position. r ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> we've got some more breaking news for you. the michigan
i am a flat tax guy. what i don't get is why the united states wants to imitate the mistakes of western europe, jim pethokoukis. that's what i don't get. you get the last word. >> i think it's stunning and i hope we learn from yoour mistak as quickly as they did in great britain. >>> who needs to wait for a recession? our next guest says we may already be in one and it started way back in july. think about that. recession last july. stay with us. he'll defend his position. r ]...
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Dec 10, 2012
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four consecutive balanced budget with a tax cut, not a tax increase. >> a tiny tax cut compared to the biggest increase in history. >> we don't need to relitigate the 1990s. i mean -- >> but the point here is that this was -- clinton did face the charge that the economy would sour if he increased taxes. but he also cut defense spending over $250 billion over 10 years. and he has said recently, one of the reasons they lost the house in 1994 was that '93 deal. but here, where is the action, bob? >> well, having tried to do some reporting on this, first of all, i think the staff, the white house staff and the house staff, have met or talked five times. it really is down to obama and boehner at the table. i think you can only take a snapshot right now and try to look at what the experience the president has had recently. he won re-election. he's had lots of ceos in to meet with him. and this is interesting. they are telling him, mostly republicans, let's give on rates. it's not a big deal. i think the house leadership may have lost the parade that is supposed to be following them on that.
four consecutive balanced budget with a tax cut, not a tax increase. >> a tiny tax cut compared to the biggest increase in history. >> we don't need to relitigate the 1990s. i mean -- >> but the point here is that this was -- clinton did face the charge that the economy would sour if he increased taxes. but he also cut defense spending over $250 billion over 10 years. and he has said recently, one of the reasons they lost the house in 1994 was that '93 deal. but here, where is...
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Dec 6, 2012
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tax cuts. are they willing to limit unemployment insurance, give up infrastructure spending, which is something the president has been talking about from the beginning, payroll tax cut. what's the white house plan here? >> well, alan simpson in addition to being an excellent dancer is a very shrewd political analyst. >> very hip, alan simpson. >> very, very, very good dancer recently. but, look, i think people talk in terms of political advantage and clearly the president is going to gain more political advantage from going off the cliff than the republicans are going to. that's where the polls are showing. that's clearly where there is going. that doesn't mean it's a good idea for the country or economically. the country is are they looking at their own political interests or do they actually want to make sure the economy stays out of recession here. this is a very dangerous game that we're playing with over the next four weeks. >> i want to bring in congressman tom price, a republican from ge
tax cuts. are they willing to limit unemployment insurance, give up infrastructure spending, which is something the president has been talking about from the beginning, payroll tax cut. what's the white house plan here? >> well, alan simpson in addition to being an excellent dancer is a very shrewd political analyst. >> very hip, alan simpson. >> very, very, very good dancer recently. but, look, i think people talk in terms of political advantage and clearly the president is...
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Dec 3, 2012
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reform with no tax rate hikes. john boehner blasting the president's, quote, la la land offer. that just moments after the president took his plan to the people answering questions about the fiscal cliff on twitter, and with less than a month to go, the white house dispatched treasury secretary tim geithner to five sunday talk shows to declare tax rates on the wealthy are going up one way or another. >> if the republicans say, sorry, no way are we going to raise rates on the wealthy. you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was just flabbergasted. i looked at him and said you can't be se
reform with no tax rate hikes. john boehner blasting the president's, quote, la la land offer. that just moments after the president took his plan to the people answering questions about the fiscal cliff on twitter, and with less than a month to go, the white house dispatched treasury secretary tim geithner to five sunday talk shows to declare tax rates on the wealthy are going up one way or another. >> if the republicans say, sorry, no way are we going to raise rates on the wealthy. you...
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Dec 4, 2012
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taxes? guest: i don't think so. i think keeping tax rate with a r is the real question. you can increase revenue without increasing tax rates. honestly, just a more efficient system redistributing investments toward things that generate economic growth. that is something that paul ryan has been a leading advocate of. yeah, i think this is a really smart and good proposal by the speaker, and i was very pleased to see every republican sign off on it. it was not just his name. i hope the white house understands there is unity at the republican leadership table. host: here is a copy of the letter sent to the white house with the signatures of the leadership team including paul ryan. a lot of our callers have talked about the lack of details in this proposal then back which loopholes or deductions do you get rid of? guest: there is an interesting debate and discussion on that. that is for the negotiators. the easiest way to do it would be to cap the dollar amount and let the individual pick and c
taxes? guest: i don't think so. i think keeping tax rate with a r is the real question. you can increase revenue without increasing tax rates. honestly, just a more efficient system redistributing investments toward things that generate economic growth. that is something that paul ryan has been a leading advocate of. yeah, i think this is a really smart and good proposal by the speaker, and i was very pleased to see every republican sign off on it. it was not just his name. i hope the white...
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Dec 5, 2012
12/12
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that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in private and leaked and put in public. but that's fine. i mean, it's certainly what i said. my suggestion was let's take the one area that we agree and take it off the table. >> and -- but just to be clear, though, you actually think -- because this is when i saw your comment what i was so curious about, just from a negotiating standpoint. we had the super committee that failed, now we have the fiscal cliff, right? and if those sorts of deadlines aren't enough to get a deal, if you actually were -- were going to break with your own party or say go ahead, we'll extend them for the middle class, do you actually think that you would be able to negotiate a deal where they didn't go up on the top 2% at the beginning of the year? >> you might be able to negotiate that deal. again, i think a lot of people misunderstand, you know, what's happening with the 98%. number one, i don't think you ever ought to use the american people as, quote, l
that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in private and leaked and put in public. but that's fine. i mean, it's certainly what i said. my suggestion was let's take the one area that we agree and take it off the table. >> and -- but just to be clear, though, you actually think -- because this is when i saw your comment what i was so curious about, just from a negotiating...